Sources connected with both Bruckheimer and Smith tell TMZ, the 2 have talked for hours in the last 2 days — 4 hours at dinner Tuesday night and a long lunch on Wednesday — to hash out the terms of the contract. They also spent time working on the script.

Smith recently said he and Martin Lawrence met up and agreed it was time to complete the trilogy with BBC Radio 1Xtra.

"I saw Martin [Lawrence] a few weeks ago. I haven't seen him in about two years. We looked at each other. We hugged. In that moment, we knew we were making another Bad Boys. We're definitely doing another one."

Are you excited? Let's go back to one of the best scenes from Bad Boys 2.